Member Info for Savage_KeyboardR

Cheers unluckyInvestor9 - Although, I don't agree that "historically it has performed better under conservatives by a small margin". - Tory rule has tended to deliver low growth which is why they have tended to need to borrow far more cash (the undershooting growth fails to generate the treasury incomes required to sufficiently service debts).

Sky now reporting: "Mortgage blow as lenders start to put up rates":

https://news.sky.com/story/money-latest-consumer-personal-finance-skynews-13040934

Fleccy - Okay well, I originally stated:

"The 0.46% was only recorded due to rounding meaning it hits the 0.5% reporting requirement. I would expect they'll still be holding an open short but now below the reporting level."

I believe what I said is perfectly credible... so I remain unsure why you called that credibility into doubt but we'll have to leave it there.

FWIW: I never disputed the 8% 'percentage difference' between the two figures.

Fleccy.... whole heartedly agree where you mention: "There's been loads of cheaper options for customers to choose from, like sim only and BT's basic packages aimed at pensioners and benefit claimants, as well as moving to other providers, BT can't be blamed for customer lethargy."

Ads advocating benefits of switching providers have been around for a long time and if a proportion are content with the the service quality and the monthly price then so be it... not everyone out there is obsessed about switching to save a few £squids.

Spotting a host of articles released today catching on to this trend I mentioned way back on 26th Sep...

For how much longer can UK banks continue lending cheap mortgages? Given they're currently paying far more to borrow from the markets.

Fleccy... you said "Savage 0.46 is 8% below 0.5, so a bit more than a rounding difference."

However, the last time I checked 0.46 is 0.04 percentage points below 0.5% - Yes there is an 8% in pure terms of percentage difference between the two of the figures. However 0.46% reported to only 1 decimal point becomes 0.5% as it's rounded upwards.

The 0.46% was only recorded due to rounding meaning it hits the 0.5% reporting requirement. I would expect they'll still be holding an open short but now below the reporting level.

Correct Rizzel - I am not invested in EZJ, I transparently shared that info too - bravo, well done.

As for BT - I am invested in BT. Albeit I recently sold ~93% of my holdings because I held the view the BoE decision to hold rates would be a bad move, and it'd end up causing UK equities to drop.

Phatz - Firstly, I've never used the IMVHO acronym... Secondly I use IMO because I'm stressing that what I'm saying is just that, my opinion from interpreting the data and nothing more.

My 'obsession with the Bank of England and interest rates'... well I just think that's the biggest factor (at the moment) moving UK equities and £ sterling (aside from Gaza/Israel/Lebenon of course).

A proposal we can all agree upon?

AbjectPerformer - I sold because it was obvious Bailey and the MPC made a bad decision... I transparently shared my views which appear to be being backed up by the actions of global investors.

Which leads me to ask... What's your actual problem/issue with me? Why advocate blocking? - Or is it simply because you just do not like reading opinions which are different to your own?

Rizzel - struggling to hear your laughter there above the sounds of the EZJ SP resuming its fall downwards...

Arees1969 - I clearly stated it was a guess and I just don't think there will be much buying support at 141-143p... Looking at the SP I think I'm correct and we're already sitting at 141.9p just 50mins after I posted my comment.

At a guess I'm reckoning there will be very little buying support for the SP between the 141-143p range, I'd expect our next pause is likely to sit around the 138-141p area. However, ongoing turbulence and further data emerging on low inflation should ensure the drop continues for the foreseeable right down to 130p and perhaps even a little lower. There's definitely gaps between 124p-131p, it's just a matter of how fast we get there IMO - DYOR.

EZJ SP will resume its fall as this afternoons trading picks up IMO

I should add that if BoE does move to trim rates by 0.25% at the Nov meeting then IMO it won't be enough of a cut to meaningfully support businesses, consumer demand & equities. The BoE MPC look yet again to be behind the curve, at some point they'll need to make a bold move to catch up and I doubt Bailey will want to suffer that humiliation at the Nov meeting, he's bound to delay the inevitable.

Poetical just how easy it is to predict the BoE Governors next move...

£ havung appreciated too much presents a challenge for Bailey and MPC, whom want to hold rates at the next meeting... by talking of potential for a cuts today it sends sterling downwards, therby keeping a lid on the £... means they can press ahead with a Nov rate hold (whereas had £ continued appreciating a Nov hold would have been viewed as madness)...

So I still expect the BoE to hold rates in Nov & when it does so UK facing equities will get punished doubly.

Bailey clearly rattled to have come out with such a reversal of stance, no doubt worried by the recent SP drops of many UK equities and the fast appreciating £.

Expatwelsh - a fair challenge👍 ... IMO as the penny drops that BoE has been too slow to cut, and as further disappointing economic figures emerge showing undershooting inflation then those UK equities relying on buoyant sales will see a sharp correction.

Many UK equities are not on the FTSE 100 and are listed elsewhere e.g. FTSE All Share + FTSE 250

AimMaster2018 - Given I was transparent about having sold ~93% of my holdings I'd have thought that would have made my view clear- My opinion changed because the BoE opted to hold rates, when in my view it needed to have made a small trim, to support businesses + consumer demand. Since BoE continues to stress the need to "Purge inflation" it's my view they'll also hold at the November MPC meeting, and over the next couple of months I think many UK equities will suffer falls to their SP's (those listed companies which predominantly make their money from UK domestic market) as a result. BT will be more likely to head downwards towards £1.30p IMO.